Feb 19 (Reuters) - Grand Parade Investments Ltd GPLJ.J :
* DISPOSAL OF INTEREST IN BURGER KING (SOUTH AFRICA) RF PROPRIETARY LIMITED AND GRAND FOODS MEAT PLANT
* EQUITY VALUE OF BKSA SHALL BE BASED ON AN ENTERPRISE VALUE OF R670 MILLION
* PROCEEDS OF DISPOSAL WILL BE RETURNED TO SHAREHOLDERS IN FORM OF A SPECIAL DIVIDEND
* OFFER WITH ECP AFRICA FUND IV WHERE CO TO SELL SHARES IN BURGER KING RF PROPRIETARY COMPRISING 95.36% OF ISSUED SHARE CAPITAL OF BKSA
* OFFER WITH ECP AFRICA FUND IV WHERE CO TO SELL ALL SHARES IN GRAND FOODS MEAT PLANT
* PURCHASE CONSIDERATION TO BE PAID BY ECP FOR BKSA SALE SHARES SHALL BE EQUITY VALUE OF BKSA MULTIPLIED BY 95.36%
* PURCHASE CONSIDERATION TO BE PAID BY ECP FOR GRAND FOODS SALE SHARES SHALL BE EQUITY VALUE OF GRAND FOODS MEAT PLANT
* EQUITY VALUE OF GRAND FOODS MEAT PLANT SHALL BE BASED ON AN ENTERPRISE VALUE OF R27 MILLION
* ALL SHAREHOLDER LOANS CO MAY HAVE AGAINST BKSA, GRAND FOODS MEAT PLANT TO BE CONVERTED TO EQUITY BEFORE CLOSING